Looking to diversify beyond PLUIX? The mutual funds below have historically moved differently from PLUIX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PLUIX
20 mutual funds have low correlation with PLUIX (below 0.3), 1 of which are negatively correlated. The least correlated is CrossingBridge Ultra-Short Duration Fund (CBUDX) (Ultrashort Bond) with a 1Y correlation of -0.07, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CrossingBridge Ultra-Short Duration Fund | -0.07 | 0.03 | 0.06 | 99 | Ultrashort Bond | PLUIX vs CBUDX | |
| Tactical Multi-Purpose Fund | 0.01 | -0.02 | -0.02 | 100 | Ultrashort Bond | PLUIX vs TMPFX | |
| T. Rowe Price Ultra Short-Term Bond Fund | 0.06 | 0.28 | 0.34 | 98 | Ultrashort Bond | PLUIX vs TRBUX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.07 | 0.13 | 0.19 | 99 | Ultrashort Bond | PLUIX vs BUBIX | |
| DFA Two-Year Government Portfolio | 0.08 | 0.07 | 0.16 | 99 | Ultrashort Bond | PLUIX vs DFYGX |
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